Financial shock : a 360° look at the subprime mortgage implosion, and how to avoid the next financial crisis

Examines the underlying causes of the current mortgage crisis, from irresponsible lenders and predatory speculators to home "flippers" and less-than-truthful borrowers, and provides advice for reforms and regulations which could prevent a recurrence in the future.

Resumo:

The subprime financial crisis is the decade's #1 financial story. What happened? How did it occur? And how can a similar crises be prevented from happening again? Dr. Zandi answers all these critical questions--systematically, carefully, and in plain English.Ler mais...

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As seen on NBC's Meet the Press, CBS Sunday Morning, CNN's Your $$$$$, CNN's Issue #1, CNBC's Squawk Box, CNBC's Kudlow & Company and Fox Business with Dagen McDowell "The obvious place to start is the financial crisis and the clearest guide to it that I've read is Financial Shock by Mark Zandi. ... it is an impressively lucid guide to the big issues." -- The New York Times "In Financial Shock, Mr. Zandi provides a concise and lucid account of the economic, political and regulatory forces behind this binge." --The Wall Street Journal "Aggressive builders, greedy lenders, optimistic home buyers: Zandi succinctly dissects the mortgage mess from start to (one hopes) finish." --U.S. News and World Report "A more detailed look at the crisis comes from economist Mark Zandi, co-founder of Moody's Economy.com. His "Financial Shock" delves deeply into the history of the mortgage market, the bad loans, the globalization of trashy subprime paper and how homebuilders ran amok. Zandi's analysis is eye-opening. ... he paints an impressive, more nuanced picture." --Kiplinger's Personal Finance MagazineLer mais...

"Examines the underlying causes of the current mortgage crisis, from irresponsible lenders and predatory speculators to home "flippers" and less-than-truthful borrowers, and provides advice for reforms and regulations which could prevent a recurrence in the future."@en